The first clutch of 68 affordable homes constructed on a derelict factory site have come on the market.

The properties, ranging from one bedroom flats to three bed terraces, have been built on the former Richard Roberts Dyers site at Southfield Road Hinckley.

It brings back into use the wasteground, brownfield plot next to Hinckley railway station.

The multi-million pound development from Westleigh Homes comes on behalf of Hinckley and Bosworth Borough Council and Nottingham Community Housing Association.

The 68 properties include 51 rented and 17 shared ownership tenures. It is the shared ownership accommodation which is now being advertised for sale on Right Move by Premier Lets and Sales of Nottingham.

Featuring two or three bedrooms the homes are available on a 125 year shared ownership lease.

For a two bed property people can purchase a 50% share for £76,000 and pay a monthly rent on the remaining share at £174.17.

Hinckley Railway Station sign. Stock GV pic for The Hinckley Times.

This part-buy, part-rent scheme is designed to help people get on to the property ladder. Owners buy a share of the property, usually 50% or 75% on a long term lease, and pay a subsidised rent on the remaining share.

Gradually it’s possible to purchase further shares as they become affordable and progress to full ownership.

Anyone who doesn’t currently own or part own a property and has a household income of less than £80,000 per year can apply for shared ownership.

Interest must be registered online with Help to Buy Midlands and once assessed the application is forwarded to Premier Lets and Sales.

The homes feature a fitted kitchen with integrated electric oven and gas hob with extractor hood, downstairs cloakroom, classic white suite in the main bathroom with shower over bath, gas central heating with combi boiler and UPVC double glazing.

Outside the houses have an enclosed turfed rear garden and off-street allocated parking.

The council will own and manage 30 of the rental properties while the housing association will run 21 rented homes and the shared ownership tenures.

When planning permission was granted last spring the council’s then deputy chief executive Bill Cullen (now chief executive) said: “This decision to grant planning permission for the redevelopment of the site will achieve not only the delivery of a range of affordable homes for local people but will regenerate another key site at this gateway site from the railway station into the town centre.”